4//SEC Filing
Kalia Ranjan 4
Accession 0001209191-19-048101
CIK 0001207074other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 2:05 PM ET
Size
11.6 KB
Accession
0001209191-19-048101
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Kalia Ranjan
SVP & Chief Financial Officer
Transactions
- Tax Payment
common stock
2019-09-03$36.10/sh−444$16,028→ 92,369 total - Tax Payment
common stock
2019-09-03$36.10/sh−4,068$146,855→ 88,301 total
Holdings
- 95,653(indirect: By Trust)
common stock
Footnotes (3)
- [F1]The reporting person was granted 16,000 shares of restricted stock units on 11/14/2016 under the 2015 Stock Option and Incentive Plan. 6.25% of these shares will vest each quarter in 16 equal installments beginning on 12/1/16 and each 3 month anniversary thereafter with the final vesting date on 9/1/2020. On September 3, 2019 the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
- [F2]On 5/17/2018, the reporting person was granted a performance-based restricted stock unit award under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of two weighted performance metrics: revenue (50%) and non-GAAP operating income targets (50%) for fiscal year ending 3/31/19 ("FY19"). Based on the Company's achievement of i) revenue of $1,247.9 million and ii) Non-GAAP operating income of $123.2 million for FY19, 33% vested on 9/1/2019 and 67% will vest on 3/1/2021. On September 3, 2019 the Company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
- [F3]These shares are held in a revocable trust ("the Trust") for the benefit of the reporting person who is the beneficiary and sole trustee of the Trust.
Issuer
VIRTUSA CORP
CIK 0001207074
Entity typeother
Related Parties
1- filerCIK 0001449543
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 2:05 PM ET
- Size
- 11.6 KB